In the 12 years since Raleigh real estate developer John Kane demolished the aging two-story North Hills Mall at the corner of Six Forks Road and I-440 in Raleigh, more than $1 billion in new construction and improvements has been pumped into Raleigh's Midtown district.
And Kane assures us he's no where near finished with North Hills.
Construction is currently underway for three new buildings at North Hills, the Tower Two office structure, the Cardinal at North Hills retirement community and the Dartmouth apartment building.
At least three more buildings for more offices, apartments and retail have been sketched out by architects and confirmed by Kane Realty executives.
On Thursday, Kane Realty confirmed All scripts plans to build a 12- story tower in North Hills for its 1,000 employees in Raleigh.
Site maps for the property show reserved land space for at least seven more multi-story building projects. These are for building projects that have yet to be announced on both the east and the west sides of Six Forks Road.
Activity at North Hills has also captured the attention of investors from around the world. Kane and his partners at Concord Hospitality Enterprises in mid-May sold for $103 million the two existing hotels at North Hills, the 229-room Renaissance Raleigh North Hills and the 137-room Hyatt House Raleigh North Hills. The new owner is the sovereign wealth fund of the government of Abu Dhabi.
Attached is a slideshow of photographs cataloguing the evolution of North Hills from its early days as a two-story, enclosed mall in 1968, its demolition in 2003 and its redevelopment through 2014.
Posted on 04/29/2021 at 07:21 PM
